Barcode Printers Market for Mobile Product Segment Will Witness High Growth by 2024 | Key Players are Avery Dennison Corporation, Canon, Inc., Honeywell, Primera Technology, Printronix, Seiko Epson Corporation, Toshiba, Zebra Technologies

Ongoing developments in trade globally will drive the barcode printers market growth, as the shipments imported or exported are coded and labelled with barcodes for storing and recording the data regarding the products and goods. The technology is being increasingly adopted in the retail sector where it has become the standard for storing and labeling the data about the products as the information allows the staff to provide smooth service to the customers. The growth in the retail industry is due to the rise in the consumer disposable income which has provided a boost to the e-commerce industry and has positively driven the barcode printers market growth.

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Thermal based printers constituted of more than 65% of the overall barcode printers market share owing to the features such as low noise, high speed, reliability, and ease of cleaning. The direct thermal technology will witness significant growth over the coming years due to low operational costs, and improved durability. Direct thermal printers are ideal for applications such as printing receipts and shipping labels and can develop barcode images on the material without a ribbon, making it eco-friendlier.

Mobile printers are anticipated to witness high growth over the forecast timespan owing to their ease of usage in several field-based applications. Mobile barcode printers are being used increasingly by retail businesses to issue authentic receipts and invoices regardless of the place and time. Moreover, the mobile printers are being to print barcodes for identification of individuals in major events and for patients in hospitals which has augmented the revenue for the barcode printers market.

The key players covered in this study: -
• Air Track
• Avery Dennison Corporation
• Bixolon Global
• BROTHER INDUSTRIES, LTD.
• Canon, Inc.
• Citizen Systems Europe Gmbh
• CognitiveTPG
• Dascom
• Godex International
• Honeywell
• KROY Inc
• Labeltac + LinkedIn - Google Search
• Linx Printing Technologies
• Oki Electric Industry Co., Ltd.
• Postek Electronics Co., Ltd
• Primera Technology
• Printek, LLC
• Printronix LLC
• Sato Holdings Corp
• Seiko Epson Corporation, Japan
• Star Micronics
• Tharo Systems, Inc.
• Toshiba
• TSC Auto ID Technology Co., Ltd.
• Wasp Barcode Technologies
• Zebra Technologies

In terms of applications, healthcare sector has emerged as one of the most lucrative avenues for the barcode printer industry growth, owing to extensive deployment of these devices for tracking patient ID systems, specimen collection, and point-of-care medication with least medical errors. As per reliable reports from Institute of Medicine, medical errors claim as many as 98,000 American lives per year. Addressing the need to reduce medical errors, barcode printers, with an error rate of one in 36 trillion characters are penetrating deeper in the healthcare sector.

One of the major contributions in this regard has been the launch of Zebra® QLn220™ mobile printers by Zebra Technologies, a renowned barcode printer market player. Reportedly, by simply scanning the printed barcodes through these mobile printers on ID badges, medications, patient’s wristbands, blood bags, and food trays, the caregivers can ensure whether the specimens are associated with the right patients. It is prudent to mention that the use of barcodes for identification and verification in hospitals and other medical fraternities has not only reduced errors, but has also improved the overall process efficiency and cost effectiveness.

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Speaking of the regional expansion outlook, Europe barcode printers market is likely to garner appreciable return in the coming years. This growth can be primarily attributed to the rising deployment of these products to improve customer experience and visibility. The ability of these systems to enhance efficiency and lower costs incurred through errors in shipping, packing, and manual input enables companies to achieve high Return on Investment (ROI), thereby impelling the regional barcode printers industry share.

Asia Pacific will grow at a high growth owing to rise in investments from the government and growth in urbanization which has led to growing healthcare expenditure and enhancing the healthcare infrastructure. In addition, technological revolution, intensifying government legislations and rising focus on the patient safety, has augmented the usage of barcode printing technology which will boost the barcode printers market growth in the region.

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Key players in the barcode printers market include Seiko Epson Corporation, Toshiba Tec Corporation, Zebra Technologies, TSC Auto ID Technology Co., Ltd, and Godex International Co. Ltd, Honeywell Scanning & Mobility, among others.

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